Bitcoin, Cryptocurrency, News

China to clean up virtual currencies

China's central bank said it would clean up various sorts of virtual currencies in 2018 in its latest effort to step up financial supervision. Last September, Chinese authorities including the People's Bank of China (PBOC) ordered a ban on initial coin offerings, in which technology start-ups issue their own digital coins to investors to access… Continue reading China to clean up virtual currencies

Cryptocurrency, News

China’s Central Bank: Carry out rectification of all kinds of virtual currencies

A few days ago, the Chinese central bank convened a 2018 national monetary gold and silver teleconference. Fan Yifei, the deputy governor of the central bank, pointed out at the meeting that this year the bank must steadily promote the R&D of its own digital currency, carry out rectification of various types of virtual currencies,… Continue reading China’s Central Bank: Carry out rectification of all kinds of virtual currencies